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Toronto's Low Sales-to-New Ratio

This is a Toronto news story, published by financialpost, that relates primarily to Robert McLister news.

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smaller Canadian markets

financialpost

financialpost

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Posthaste: These are the best buyers' markets in Canadian real estate — for now

financialpost

Summary

Nutrition label

77% Informative

Toronto has the lowest sales-to-new listings ratio among the country’s major centres.

In October , sales in the Toronto area shot up 44.4 per cent from the year before , suggesting more affordable prices and Bank of Canada interest rate cuts were bringing buyers back to market.

Economists expect home sales will continue to pick up as the Bank ofCanada shaves more off its interest rate.

A small number of stocks can drive a big part of market gains or losses.

Find out more in Wealth Builder , our series answering younger Canadians ’ questions on how to build long-term wealth.

Mortgage strategist Robert McLister ’s Financial Post column can help navigate the complex sector.

VR Score

84

Informative language

84

Neutral language

73

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

16

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9

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